Question: When you are recording a purchase return of goods that were originally purchased for resale, the return is recorded in the: Purchase Invoices Journal as

When you are recording a purchase return of goods that were originally purchased for resale, the return is recorded in the: Purchase Invoices Journal as a negative invoice Purchase Invoices Journal as a positive invoice General Journal as a negative invoice General Journal as a positive invoice Question 25 (0.5 points) When recording a cash discount (Wadkins Company Inc.) for paying an invoice early (2/10, net 30) the discount amount is usually based on: The purchase price including HST The purchase price excluding HST The purchase price less the discount amount
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